GST only applies to end user.
The rest of the guys are in business, they can claim it back.

And the saying goes, the poor will be tax the most (percentage wise) and the rich sometimes pay 0% tax.

Tax is an expense for living in a civilize society.
The government had paid for schools, build roads, heavily subsidize hospital bill, etc.
That is the benefit you are talking about.

That is because Malaysians choose to have such a government. We can only blame on ourselves.

No matter who is in power, the government is my partner.
And their tax law is written in my favor.
That is how I look at it.

Government needing more money is a sign of mismanagement.

Yes, there are mishandling.
I wish I am the one selling them that laptop.


Joke aside.
When government mismanage money like this, the likelihood will happen next is more tax and more printing of the ringgit.
Inflation will be coming in, that will jack up the prices of everything.
Adding that the interest is so low, high inflation is inevitable.

I already acquired a few kg of silver and some properties this year just to position myself if such things happen.

This post has been edited by jasonhanjk: Oct 25 2009, 07:35 AM

Here is what my uncle from UK told me.

~All politicians are corrupted.
~If he is not corrupted, he is not a politician.


The petrol in Malaysia is already subsidized.
For the benefit of Malaysians and our neighbor (Singapore and Thailand).
The more benefit we want from the government, the more we have to pay back in taxes.
That is how the equation works.

The problem now I see is our subsidized fuel benefit people from other countries.
Our money is being transfer to them.

Haha.
No matter who is the government, the end result would be the same.

If Anwar is elected, he promise he will give more fuel subsidy.
Then one would ask, how would he come up with the money?


Cut back at government spending is one way, but which one to cut?
The best answer would be the NEP.

NEP had created many poor people, beating it's purpose of creating wealth for the bumis.

NEP ensures bumi have more Universities entries, creating a back door for not so smart students having the chance to study.
Then what about those bright non-bumi students? Generally they go other countries to study and work there.
So what is the cost?

The real cost would start when these not so smart bumi cannot find job in the private sector, so the government create jobs for them.
Employ them at a meager salary which is so low, there would not be any taxes. For 40 years of their working lives.
Don't forget, we pay taxes to employ them.

Now take Singapore for example, they absorb those bright students that are turn down by Malaysia's University.
After they graduate, they are employ by private company at a very high wages.
They are tax for 40 years, it's an income for the government.

Then the questions is again throw back to the citizen.
Are we willing to support a clean and corrupt less government?


Giving more subsidies is a form of corruption.
I give you something back if I am elected. Sounds familiar?